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Luis Alberto
Luis Alberto M. C., age 37, is in a common-law marriage. He has five children who he helps and supports in their education. Since he was young he had to support his family with different jobs. He is a fisherman, a farmer, and a “moto taxi” (three wheeled motorized vehicle) driver for the El Sayubu syndicate.

He drives his taxi in Cochabamba’s Trópico area in Puerto Villaroel. He has been an active member of the syndicate for over ten years. The taxi service is profitable because many people use it for its ease, speed, and efficiency. The union has stops and shifts for each member at different points in the town of Ivirgarzama, where people use the taxi service.

This is his first loan with our institution. He will use the loan to buy a new motorcycle. His motorcycle has finished its useful life. With the new one he will be able to provide better service to his customers. This will allow him to improve his income, which will consequentially improve his quality of life.

Luis Alberto M. C. came in person to CIDRE's offices to ask for a loan after his coworkers told him of the institution's good credit conditions.
View original language description ↓
El Señor Luis Alberto M. C. tiene 37 años, el vive en concubinato y es padre de 5 hijos a los cuales ayuda y apoya en su educación, él desde muy joven tubo su familia a las cual sustenta con diferentes trabajos a los cuales el se dedica, el es pescador, agricultor y él también trabaja como moto taxista en el sindicato “EL SAYUBU” en la localidad de Puerto Villarroel en el trópico de Cochabamba, en el cual esta hace mas de 10 años como socio activo, el servicio que brinda es rentable por la alta cantidad de personas que solicitan este servicio por la facilidad, rapidez y eficiencia. El sindicato cuenta con paradas y turnos para cada afiliado, en diferentes puntos de la localidad de Ivirgarzama donde las personas acuden para solicitar dicho servicio.

Es la primera vez que el cliente obtiene un préstamo de nuestra institución cuyo destino será la compra de una nueva motocicleta, debido a que la que tiene actualmente ya cumplió su ciclo de trabajo y de esta forma poder brindar un mejor servicio a sus clientes lo que le permitirá también mejorar sus ingresos consecuente mente mejorar su calidad de vida.

Cabe señalar que el Luis Alberto M. C. se apersono a CIDRE a solicitar su préstamo luego de que sus compañeros de trabajo le comentaron de las buenas condiciones crediticias con las que trabaja nuestra institución.

Additional Information

About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.

About Bolivia

  • $2,817
    Average annual income
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $29,549,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis Alberto to buy a motorcycle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Oct 13, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 25, 2012